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In a recent article, the BBC reported that Deutsche Bank had been fined $630 million by UK and USA regulators. According to the article, the bank had been negligent in detecting, investigating, and stopping some of its clients from laundering money from Russia through its Moscow, New York and London offices. The article explains in simple terms how a client of the Deutsche Bank illegally moved … Continue reading Money Laundering – ACCA Paper P7
The first exams this year are in June, and good luck to friends starting their ACCA journey, and taking the foundation level papers for the first time.
A student who read the post on exam paper combinations, sent in an email asking about utilising the 15 minute reading and planning time during the exams.
He, and a few of his friends had been told that students are only allowed to read, and highlight the question paper. Continue reading “Time allowed: 15 minutes”
Forgive the title, it was borne out of students wanting a set formula to answering exam questions on ethics. I think most students feel safer with questions that have a clear-cut answer, rather than to give opinions and to back it up.
For ethics questions, there is generally no one right answer. Outside of gaining experience through dealing with real life ethical situations, most models or methods for answering ethics questions encourages students (and accountants) to consider practical application of theory to given scenarios rather than abstracts. Continue reading “Formula for solving ethics questions”